World's Central Banks Are Wary of AI and Struggling To Quit the Dollar, Survey Shows (reuters.com)
- Reference: 0180216137
- News link: https://tech.slashdot.org/story/25/11/26/1456209/worlds-central-banks-are-wary-of-ai-and-struggling-to-quit-the-dollar-survey-shows
- Source link: https://www.reuters.com/sustainability/sustainable-finance-reporting/worlds-central-banks-are-wary-ai-struggling-quit-dollar-survey-shows-2025-11-26/
> AI is not a core part of operations at most of the world's central banks and digital assets are off the table, according to a survey released on Wednesday by the Official Monetary and Financial Institutions Forum. The working group of 10 central banks from Europe, Africa, Latin America and Asia managing roughly $6.5 trillion in assets also found that the institutions that have delved deepest so far into AI are the most cautious about the risks.
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> The primary concern is that AI-driven behaviour could "accelerate future crises," the survey showed. "AI helps us see more, but decisions must remain with people," one participant was quoted as saying in the group's report. More than 60% of respondents said that AI tools - which have sparked layoffs already at technology companies and retail and investment banks - are not yet supporting core operations.
[1] https://www.reuters.com/sustainability/sustainable-finance-reporting/worlds-central-banks-are-wary-ai-struggling-quit-dollar-survey-shows-2025-11-26/
Summary (Score:3)
* Large-scale automated fraud and speculation by cryptobros is a problem
* Large-scale automated stupidity and craziness by ai-bros (who are often ex-cryptobros) is a problem.
I am seeing some commonality here: the problem is technobro fraud and reckless stupidity.
Re: (Score:2)
I've been thinking of the of crypto/AI/techbro behavior as a symptom and just the next generation of the shift in business culture that came about in the 1980's where we went into low tax, low regulation and cutting of services. Meanwhile the fast money culture turned the stock market from this somewhat mundane piece of the business world to a dramatic entity where you could turn thousands into millions with just a little gumption and smarts.
So while we expanded our economy exponentially we decided to not
Re: Summary (Score:1)
MBAs need a do no harm oath, just like most other industries. The popular mentality is make money no matter who you end up screwing over.
Re: (Score:2)
I would agree but also like the man said, [1]"taxes, taxes, taxes." [youtube.com]
[1] https://www.youtube.com/watch?v=paaen3b44XY
Re: (Score:2)
> I've been thinking of the of crypto/AI/techbro behavior as a symptom and just the next generation of the shift in business culture that came about in the 1980's
No, that's not it at all. It's just classic hubris on the part of some people, typically (bad) engineers, or just anybody who has deep knowledge in one particular domain and have themselves convinced that they're experts at every domain.
We see it here on slashdot all the time; think how many people here talk about how "easy" it is to be a CEO even though they literally don't know the first thing about it and do not have even a single second of experience at it. Yet somehow they're convinced they're one of t
Unmatched Liquidity (Score:2)
> the unmatched liquidity of U.S. Treasuries kept the U.S. currency anchored.
That will be tested soon. As the price that the US has to pay to find buyers for their new issuances rises, they should find buyers in the short term. But eventually the market simply won't want the new bonds at any price. But risk will outweigh reward soon enough, and those bonds people hold will be illiquid. Or, liquid at fire sale prices, well below face value.
But the reality of a global reserve currency is less than 200 years old, and there really have only been two. The dollar and the pound sterling.
Re: Unmatched Liquidity (Score:1)
Are you aware how US Treasury repo trades at a price independent of the face value?
Has Japan proved the central bank can supply liquidity for government bonds way beyond any limits imagined by mainstream economics?
Re: (Score:2)
Zimbabwe
Struggling to quit the dollar (Score:2)
Ask Saddam Hussein how that went.
Re: (Score:2)
Some of the countries working to quit the Dollar also have nuclear weapons. It's not something the US can solve with a bit of gunboat diplomacy.
Re: (Score:2)
Or Gaddafi..
Risky Behavior. (Score:2)
> The primary concern is that AI-driven behavior could "accelerate future crises," the survey showed.
Wall Street very much comes to mind.